Nairobi, Feb. 16 -- NCBA Group's digital credit and banking services coupled with its progressive dividend payout were the key factors that saw South Africa's Nedbank offer a relatively higher premium to acquire a 66 percent stake in the Nairobi Securities Exchange-listed lender.

Nedbank indicated on January 22 that it will pay Sh110.4 billion in cash and stock for the controlling stake in NCBA, translating to 1.4 times the net assets or book value of the Kenyan banking multinational.

The portion of net assets being acquired by Nedbank stood at Sh79.35 billion, based on NCBA's results for the nine months ended September 2025.

The 1.4 times book value multiple places the valuation of NCBA above that of recent peer transactions.

Nigeria...